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Agribusiness

Oct. 20 - CatchMark Reports Negligible Impacts from Recent Hurricanes

Brunswick Business Journal Staff Report
 
October 20, 2018 - CatchMark Timber Trust reported of its more than 340,000 acres in Georgia and South Carolina, only 500 acres suffered blowdown damage from heavy winds by Hurricane Michael.
 
"We were extremely fortunate in experiencing negligible damage from recent storms in the region,” said Todd Reitz, CatchMark's Senior Vice President for Forest Resources. “The timber in our affected acreage will be salvaged immediately, and those operations have begun and will be completed during the fourth quarter."
 
The Georgia Department of Agriculture has reported that timber damage, related to Hurricane Michael, in the state totaled an estimated $1 billion from the destruction of about one million acres.
 

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